London-based Jacobi Asset Management has launched Europe’s first Bitcoin Spot Exchange-Traded Fund (ETF) on Amsterdam’s Euronext. The ETF, Trading under the “BCOIN” ticker, represents a significant Development in institutional Bitcoin Investment in Europe and adheres to Article 8 of the SFDR (Sustainable Finance Disclosure Regulation). The fund incorporates a decarbonization strategy by using verifiable Renewable Energy Certificates (RECs) to address Bitcoin’s electricity consumption issues. This innovative approach allows investors to trade Bitcoin without sacrificing environmental principles.
CEO of Jacobi Asset Management, Martin Bednall, believes that the approval of the BCOIN ETF means Europe has surpassed the United States in granting institutional investors secure access to digital assets under a regulated structure. Unlike other European Market offerings, Jacobi Wilshire’s Bitcoin ETF directly owns the underlying asset, making it a more secure investment for participants. This launch is seen as a transformative step in the global finance industry and the digital asset sector.
This ETF launch highlights Europe’s proactive approach to digital asset regulation and investment, showcasing the region’s commitment to fostering innovation. Despite facing challenges that led to its postponed launch, such as the collapse of the Terra ecosystem and crypto exchange FTX’s insolvency, Jacobi remained committed to securing approval for the fund.
Jacobi’s ETF differs from exchange-traded notes (ETNs) in Europe by offering direct stakes in the underlying shares rather than debt securities. The ETF also avoids leverage and derivatives. This forward-looking and environmentally conscious approach marks a step towards a more secure and progressive future for the digital asset industry.
As institutional investors gain access to secure and regulated avenues for engaging with digital assets, it sets the stage for increased participation in the market. The ETF’s emphasis on environmental responsibility aligns with the growing trend towards sustainable investment practices, further integrating digital asset investment with evolving global priorities.
It remains to be seen whether the approval of this ETF will encourage the US Securities and Exchange Commission (SEC) to approve similar proposals on its desk..
#Europes #Bitcoin #Spot #ETF #Launches #Amsterdams #Euronext
parofix.com
CEO of Jacobi Asset Management, Martin Bednall, believes that the approval of the BCOIN ETF means Europe has surpassed the United States in granting institutional investors secure access to digital assets under a regulated structure. Unlike other European Market offerings, Jacobi Wilshire’s Bitcoin ETF directly owns the underlying asset, making it a more secure investment for participants. This launch is seen as a transformative step in the global finance industry and the digital asset sector.
This ETF launch highlights Europe’s proactive approach to digital asset regulation and investment, showcasing the region’s commitment to fostering innovation. Despite facing challenges that led to its postponed launch, such as the collapse of the Terra ecosystem and crypto exchange FTX’s insolvency, Jacobi remained committed to securing approval for the fund.
Jacobi’s ETF differs from exchange-traded notes (ETNs) in Europe by offering direct stakes in the underlying shares rather than debt securities. The ETF also avoids leverage and derivatives. This forward-looking and environmentally conscious approach marks a step towards a more secure and progressive future for the digital asset industry.
As institutional investors gain access to secure and regulated avenues for engaging with digital assets, it sets the stage for increased participation in the market. The ETF’s emphasis on environmental responsibility aligns with the growing trend towards sustainable investment practices, further integrating digital asset investment with evolving global priorities.
It remains to be seen whether the approval of this ETF will encourage the US Securities and Exchange Commission (SEC) to approve similar proposals on its desk..
#Europes #Bitcoin #Spot #ETF #Launches #Amsterdams #Euronext
parofix.com
